Client Alert: We are pleased to highlight our firm’s direct involvement in a significant development in international audit regulation for Cyprus.
The Public Company Accounting Oversight Board of America has entered into a Statement of Protocol and a Data Protection Agreement with our Client, the Cyprus Public Audit Oversight Board, strengthening cross-border regulatory cooperation and oversight of audit firms operating in both jurisdictions. The agreements went into effect on December 15th, 2025.
This framework enhances information-sharing and coordination between regulators and reflects the continued convergence of global audit oversight standards. For companies, audit firms, and market participants with cross-border footprints, these developments have practical implications for compliance, inspections, and regulatory engagement.
Our firm advised our Client on all aspects of the Statement of Protocol and the Data Protection Agreement, including regulatory, legal drafting and data protection considerations. We are proud to contribute to initiatives that promote regulatory certainty, investor protection, and high-quality audits in global capital markets.
The official announcements can be found at the links below:
Public Company Accounting Oversight Board PCAOB – Cyprus Public Audit Oversight Board CPAOB
This matter was handled by our Partner Mr. Theo Demetriou and our Associate Mr. Constantinos Agathangelou.
